Allworth Financial LP Purchases 9,324 Shares of Tapestry, Inc. $TPR

Allworth Financial LP increased its position in Tapestry, Inc. (NYSE:TPR) by 66.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,403 shares of the luxury accessories retailer’s stock after purchasing an additional 9,324 shares during the period. Allworth Financial LP’s holdings in Tapestry were worth $2,650,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of Tapestry during the third quarter valued at about $26,000. Vestor Capital LLC acquired a new stake in shares of Tapestry in the 2nd quarter worth about $27,000. Triumph Capital Management bought a new position in Tapestry in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new position in Tapestry in the 2nd quarter valued at about $39,000. Finally, Larson Financial Group LLC boosted its stake in Tapestry by 210.4% during the 3rd quarter. Larson Financial Group LLC now owns 388 shares of the luxury accessories retailer’s stock valued at $44,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Tapestry Stock Down 1.6%

TPR opened at $140.55 on Friday. Tapestry, Inc. has a twelve month low of $58.39 and a twelve month high of $161.97. The company’s 50-day moving average price is $142.92 and its two-hundred day moving average price is $124.48. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 58.08, a PEG ratio of 1.69 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 4.32.

Tapestry (NYSE:TPR) last issued its quarterly earnings results on Thursday, February 5th. The luxury accessories retailer reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.49. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.29 billion. Tapestry had a net margin of 6.95% and a return on equity of 157.98%. Tapestry’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 EPS. Tapestry has set its FY 2026 guidance at 6.400-6.450 EPS. As a group, equities analysts expect that Tapestry, Inc. will post 4.91 earnings per share for the current year.

Tapestry Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.60 annualized dividend and a yield of 1.1%. Tapestry’s dividend payout ratio (DPR) is 66.12%.

Insider Buying and Selling

In other news, Director Anne Gates sold 6,498 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $153.79, for a total value of $999,327.42. Following the sale, the director owned 22,698 shares of the company’s stock, valued at $3,490,725.42. The trade was a 22.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Manesh Dadlani sold 2,147 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $153.47, for a total transaction of $329,500.09. Following the sale, the vice president owned 18,475 shares in the company, valued at $2,835,358.25. The trade was a 10.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 164,956 shares of company stock worth $25,297,262 in the last quarter. 1.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TPR has been the subject of a number of recent research reports. Wall Street Zen raised Tapestry from a “buy” rating to a “strong-buy” rating in a report on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tapestry in a research report on Wednesday, January 21st. Argus set a $165.00 price target on Tapestry in a report on Thursday, March 12th. UBS Group reissued a “neutral” rating and issued a $141.00 price target on shares of Tapestry in a research report on Monday, February 9th. Finally, Guggenheim started coverage on Tapestry in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.06.

About Tapestry

Tapestry, Inc is a New York City–based house of fashion brands that designs, produces and distributes a range of accessible luxury and lifestyle products. The company manages a portfolio led by Coach, along with Kate Spade New York and Stuart Weitzman, each offering distinct product lines that include handbags and leather goods, footwear, ready-to-wear apparel, accessories, small leather goods, jewelry and lifestyle items. Tapestry’s operations encompass product design, marketing, wholesale partnerships, retail store operations and digital commerce.

Historically, the Coach brand traces its roots to a leather workshop in New York dating to the mid-20th century.